Exhibit 99.1

Teradyne Reports 96 Percent Increase in 2010 Sales; Raises Outlook for First Quarter

 

  Q4’10 revenue of $322 million, down 36 percent from Q3’10 and up 21 percent from Q4’09

 

  Q4’10 diluted non-GAAP income of $0.37 per share, down from $0.82 per share in Q3’10 and up from $0.17 per share in Q4’09; Q4’10 diluted GAAP income of $0.27 per share

 

  Full year 2010 revenue of $1.6 billion, up 96 percent from 2009 revenue of $819 million

 

  Full year 2010 diluted non-GAAP income of $2.20 per share compared with a loss of $0.27 per share in 2009; Full year 2010 diluted GAAP income of $1.73 per share

 

  Q1’11 guidance: Revenue of $350 million to $375 million; Diluted non-GAAP income of $0.33 to $0.39 per share; Diluted GAAP income of $0.26 to $0.31 per share

NORTH READING, Mass. – January 26, 2011 –

Teradyne, Inc. (NYSE: TER) reported revenue of $322 million for the fourth quarter of 2010 of which $262 million was in Semiconductor Test and $60 million in Systems Test Group. On a non-GAAP basis, Teradyne’s net income in the fourth quarter was $71.0 million, or $0.37 per diluted share, which excluded acquired intangible asset amortization, non-cash convertible debt interest, and restructuring and other charges. GAAP net income for the fourth quarter was $60.1 million, or $0.27 per diluted share.

Bookings in the fourth quarter of 2010 were $355 million of which $286 million were in Semiconductor Test and $69 million in Systems Test Group.

For fiscal year 2010, revenue was $1.6 billion. Net income for the year was $422.4 million or $2.20 per share on a non-GAAP basis. The GAAP net income was $379.7 million or $1.73 per share. Bookings for the year were $1.8 billion.

Guidance for the first quarter of 2011 is revenue of $350 million to $375 million, with non-GAAP net income per diluted share of $0.33 to $0.39 and GAAP net income per diluted share of $0.26 to $0.31. Non-GAAP guidance excludes acquired intangible asset amortization, non-cash convertible debt interest, and restructuring and other charges.

“The fourth quarter capped a tremendous 2010 in which we doubled our revenue, generated the highest profit rate and free cash flow in our history, delivered the highest EPS in ten years, and expanded our System-on-a-Chip (SOC) test market share,” said Mike Bradley, Teradyne President and CEO. “We’ve raised our revenue and earnings guidance for the first quarter based on an improving near-term outlook from our customers and positive trends in electronic end markets.”

Webcast

A conference call to discuss the fourth quarter and fiscal year 2010 results, along with management’s business outlook is scheduled at 10 a.m. EST, Thursday, January 27. The call will be broadcast simultaneously over the Internet. Interested investors should access the webcast at www.teradyne.com and click on “Investors” at least five minutes before the call begins.


The following information was filed by Teradyne, Inc (TER) on Thursday, January 27, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Teradyne, Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Teradyne, Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account